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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+57.39%
swing±74.92%
LONG MEXC · now
+10.96%
7d avg:+10.92%
SHORT Hyperliquid · now
+10.96%
7d avg:+68.31%
Entry Spread Now
−0.009%
NeutralL 0.09821 · S 0.09820
24h range −2.06%…+2.19% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.020%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$97.00
+0.97%
$Avg Daily PnL
+$15.71
+0.1571%
★Best Day
+$32.11
Sep 21
◎Open Interest
⚡Funding APR
+57.36%
annualized · funding only
⚠Execution Cost
−$13.00
entry + exit fees
⏱Payback
19.9h
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$13.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.